The Nation yesterday published a hilariously illiterate essay by Raúl Carrillo, who is a graduate student at Columbia, a Harvard graduate, and an organizer of something called the Modern Money Network, “an interdisciplinary educational initiative for understanding money, finance, law, and the economy.” All three of those institutions should be embarrassed. Mr. Carrillo is the sort of man who thinks that 40 pieces of candy can be divided and recombined in such a way as to arrive at a number greater than 40. His essay, “Your Government Owes You a Job,” argues that the federal government should create a guaranteed-job program, “becoming our employer of last resort.” Mr. Carrillo’s middle-school-quality prose must be read to be appreciated — “Would jobs for all skyrocket wages and prices, spurring inflation? Such unfounded belief holds the jobless hostage to hysteria” — but his thinking is positively elementary. It does, however, almost perfectly sum up the symbolism-over-literal-substance progressive worldview: “You need dollars to eat,” he writes, “and unless you steal the dollars, you generally have to earn them.”
But you do not need dollars to eat. You need food to eat. Experiment: Spend six months locked in room with nothing other than a very large pile of dollars; measure subsequent weight loss.
Mr. Carrillo’s intellectual failure is catastrophic, but it is basic to the progressive approach. Mr. Carrillo argues that a guaranteed-job program would “pay for itself,” mitigate deficits, empower women, strengthen communities, liberate us from Walmart and McDonald’s — I half expected him to claim that it would turn a sandwich into a banquet. But the question he never quite gets his head around is: Jobs doing what? Americans in guaranteed government jobs “needn’t construct trains or solar panels,” he writes. Instead, they could be employed in “non-capital intensive” sectors such as “child-care, eldercare, and” — focus in here, kids — “community gardening.” Experiment: Offer for sale at a price of $250 a voucher entitling its bearer to one year’s worth of meals at McDonald’s, one year’s worth of groceries at Walmart, or one year’s worth of produce from your local community garden; compare sales figures.
A lawyer familiar with the case mocked this argument as amounting to, “Damn the legal niceties, this mean judge is getting in our way.” – See more at: http://calwatchdog.com/2014/04/22/gov-browns-legal-strategy-to-prop-up-bullet-train-faltering/#sthash.Na3IFURm.dpuf
This is a problem that won’t be solved until California gets an intelligent electorate.
“It’s a bit tricky to put an exact price tag on how much money all that unexcavated carbon would be worth, but one financial analyst puts the price at somewhere in the ballpark of $20 trillion,” Hayes writes. “So in order to preserve a roughly habitable planet, we somehow need to convince or coerce the world’s most profitable corporations and the nations that partner with them to walk away from $20 trillion of wealth.”
Note the phrase: “convince or coerce.” If persuasion were to fail, coercion — presumably by the federal government or some very, very powerful entity — could be pretty rough. Certainly by writing that the “climate justice movement” should be known as the “new abolitionism,” Hayes makes an uneasy comparison to a 19th century conflict over slavery that was settled only by a huge and costly war — a real war, not a metaphorical one. Is that how environmentalists plan to save the planet from warming?
The point deserves emphasis. The advent of higher carbon dioxide levels in the atmosphere has been a great boon for the terrestrial biosphere, accelerating the rate of growth of both wild and domestic plants and thereby expanding the food base supporting humans and land animals of every type. Ignoring this, the carbophobes point to the ocean instead, saying that increased levels of carbon dioxide not exploited by biology could lead to acidification. By making the currently barren oceans fertile, however, mariculture would transform this putative problem into an extraordinary opportunity.
Which is precisely why those demanding restraints on carbon emissions and restrictions on fisheries hate mariculture. They hate it for the same reason those demanding constraints in the name of allegedly limited energy resources hate nuclear power. They hate it because it solves a problem they need unsolved.
I hope this means a lot of cheap fresh wild salmon in the stores this summer.
That applies to both parties. The Republicans could make this an electorally popular strategy, but too many of their donors would object.
I would note, though, that if you’re going to tax capital gains more, you need to provide a way to factor out inflation, because a devaluation of the currency doesn’t provide a true capital “gain.”
Looks like another perfect flight of the Falcon 9 and Dragon. Press conference is scheduled at 1700 EDT, when they’ll presumably tell us how the recovery attempt went. They did report a successful entry burn.
[Update about 5 PM PDT]
Elon has some news:
Data upload from tracking plane shows landing in Atlantic was good! Several boats enroute through heavy seas.
I should add that while this is great news, it will still be disappointing if the rough seas prevent recovery, or break up the vehicle, because they’ll lose data they’d like to have to see how the stage handled the flight. That’s critical to understanding turnaround. The good news is that they’ll be able to do this every flight (that doesn’t need a lot of performance, like their earlier GEO missions) to get it right, and finally start to understand that.